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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹27.49 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹27.49 Cr |
| Fresh Issue | ₹26.06 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹52.00-55.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | AKANKSHA |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
Minimum bid: 2,000 shares and in multiples thereof
Founded in July 2008, Akanksha Power and Infrastructure Limited manufactures electrical equipment such as switchboards, transformers and vacuum contactors for institutions, industries and utilities.
The company's product portfolio includes manufacturing and supply of CT-PT, metering units, cubic automatic power correction panels (capacitor panels), fixed capacitor banks, motor control centre (MCC), power control centre (PCC), variable frequency drive (VFD) panels, thyristor switches and vacuum contactors. The company also offers energy management systems and smart energy metres (Advanced Metering Infrastructure). In addition, the company offers engineering and implementation services for turnkey electrical projects.
In addition to production and manufacturing, the company also offers services related to the distribution and management of electricity. The company's operations include setting up electrical infrastructure that includes power quality testing, site analytics, online cloud-based multiple monitoring and data analytics for better management. The company aims to reduce losses in transmission, distribution and at the user level.
The company's customer base includes Military Engineer Services, Hindustan Aeronautics Limited, Coal India Limited, HINDALCO Industries Limited, Indian Oil Corporation Limited, Ordnance Factory Board, Larson & Toubro Limited, NALCO, ABB India Private Limited, Hitachi Energy India Limited, TPCODL (Tata Power Group), Jindal Stainless Limited, National Mineral Development Corporation Limited, Steel Authority of India Limited, Thyssenkrupp Electrical Steels Limited, Kutch Copper Limited (Adani Group) and TPNODL (Tata Power Northern Odissa Distribution Limited).
The company is certified as an ISO 9001:2015 compliant organisation
The company has two manufacturing facilities in Satpur, Nashik, Maharashtra, India.
As of June 30, 2023, the company has 62 permanent employees and 387 contract employees who are paid on a daily basis.
As of June 30, 2023, Odisha contributed 34.61% to the company's total revenue, while Maharashtra, Chhattisgarh, Karnataka and Gujrat contributed 8.77%, 0.10%, 3.19% and 1.30%, respectively.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure | 5.00 |
| 2 | Working Capital Requirement | 15.00 |
| 3 | General Corporate Purposes | 2.46 |
| 4 | Issue Expenses | 5.02 |
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 55.31 | 47.63 | 38.39 | 37.81 |
| Total Income | 10.27 | 46.44 | 52.07 | 74.41 |
| Profit After Tax | 0.71 | 2.91 | 2.41 | 3.92 |
| NET Worth | 20.75 | 15.96 | 13.05 | 10.65 |
| Reserves and Surplus | 7.23 | 14.14 | 11.24 | 8.83 |
| Total Borrowing | 17.23 | 15.28 | 10.55 | 8.91 |
| Amount in ₹ Crore | ||||
| KPI | |
|---|---|
| ROE | 18.20% |
| ROCE | 22.75% |
| Debt / Equity | 0.96% |
| RoNW | 18.20% |
| PAT Margin | 6.16% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 2.29 | |
| P/E (x) | 24.02 | 35.72 |
| Promoter Holding | 83.28% | 60.81% |
| Market Cap | ₹101.85 Cr. | |
